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Buyout strategy: Hg a IRR of 33%

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Special Report

Special report - Hg

November 2024

Buyout strategy: Hg a IRR of 33%

Published on

26/11/2024

Amended on

21/4/2026

0

minute(s)

Altaroc invests every year through its Vintage in private equity managers renowned for their solid historical performance. These managers belong to the world's top quartile, i.e. the top 25% of private equity players worldwide*.

By

Damien Hélène

Damien Hélène

Buyout strategy: Hg a IRR of 33%

51.50535195689056, -0.08055042883579441

Hg is an emblematic European investor in software, and has become one of the world leaders in this sector. With its complementary buyout fund architecture, Hg covers all market segments, from lower mid-market to large cap, with dedicated investment teams. Hg has built up one of the world's most comprehensive private equity organizations dedicated to the software sector, in terms of sub-sector, operational and functional expertise. The quality and depth of its track record make it a keyAltaroc relationship, particularly for co-investing in the software sector.

Year established

Assets under management

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This article has been automatically translated. We apologize per inaccuracies or translation errors.

Louis Flamand,Altaroc 's Chief Investment Officer, spoke to Nic Humphries, Senior Partner and Executive Chairman of Hg , to understand the historical performance of the firm specializing in technology investments and present in the Vintage Altaroc Odyssey 2022.

“We have an investment multiple of 3.3 and an IRR 33%,” says Nic. (Figures as of December 7, 2023)

*Source: Pitchbook - Global LBO Growth Equity - December 31, 2023. ForOdyssey Vintage , 2022, and 2023 Vintage funds, the mature funds of the 15 selected managers generated an average net return of 2.26x and IRR of 21.8% IRR arithmetic mean of net returns for funds from Vintage ), which exceeds the threshold required to rank in the top quartile (2.06x / 21.7%) for the Vintage . A fund is in the top quartile when its net performance exceeds that of 75% of the funds in its Vintage.

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